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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jerry Olson who wrote (93456)4/14/2000 5:48:00 PM
From: anyer  Read Replies (4) of 120523
 
Two weeks ago I said that people would rue the day they had NASDAQ stocks. I asked for shorts instead of earnings plays which had obviously become irrelevant due to the ridiculous PEGs. The McClellan oscillator made a H&S top last week with the put call at 0.4. Pavlov's dog had become conditioned to buy the dips.

I was told I had done no DD. Fortunately I got a few good laughs at the daily watch lists. Anyone who had really done DD would not have been looking at the long side PERIOD.

Beware; there may be a deadcat bounce, but you better be quicker than Zorro's sword to play it. Anyone who took longs home today was nuts. NASDAQ will take months to base.

Remember Black Monday? That's why no one wanted to buy the PM. If they got margin calls today, how many will come Monday?

Phil, your hands are a mess! So the commercial for Ameritrade goes as everyone and his dog trades stocks on the computer; tech stocks that is. The top was easily seen to all who opened their eyes.
Cancelled my subscription to the gemmers last week. If anyone wants an alternative,try Tradingmarkets.com; much better discipline.

Prediction: More lawsuits. Gore just ceded the election as all the king's horses and all the king's men will not put the air back in humpty anytime soon.

Regards,

Anyer
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